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New Everton Owners: The Friedkin Group
- Thread starter GrandOldTeam
- Start date
Everton Football Club has been acquired by Roundhouse Capital Holdings Limited (Roundhouse), an entity within The Friedkin Group (TFG). The transaction was finalised following an agreement between Farhad Moshiri’s Blue Heaven Holdings (BHH) and Roundhouse for the sale of BHH’s majority stake in the Club.
The deal received the necessary regulatory approvals from the Premier League, Women’s Professional Leagues Limited, the Football Association, and the Financial Conduct Authority.
Marc Watts, incoming Executive Chairman of Everton Football Club, expressed his enthusiasm:
"Today marks a momentous and proud occasion for The Friedkin Group as we become custodians of this iconic football club. We are committed to leading Everton into an exciting new era both on and off the pitch. Providing immediate financial stability to the Club has been a key priority, and we are delighted to have achieved this. While restoring Everton to its rightful place in the Premier League table will take time, today is the first step in that journey.”
Farhad Moshiri, the outgoing majority shareholder, stated: “I truly believe that the transaction with The Friedkin Group is the best outcome for the Club and its future success. There has been a huge team effort in getting to this stage and I would like to personally thank my Board colleagues John Spellman and Colin Chong and all the senior management team including Katie, James, Richard and of course Kevin and Sean for their huge commitment to the Club. Despite a challenging geopolitical backdrop, a significant amount has been achieved over the last couple of years including the delivery of a new sporting department, the stabilisation of our finances and the delivery of our iconic new stadium. I now hand over to new owners confident in the outlook for the Club and that our incredible fans will see the success on the pitch that they so thoroughly deserve.”
Dan Friedkin, Chairman and CEO of TFG is proposed to be Chairman of the Board. He has appointed Marc Watts to serve as Executive Chairman, who will be responsible in this role for the management of the club. Ana Dunkel, TFG’s Chief Financial Officer and Colin Chong, the Club’s interim CEO will also serve on the Board. Additional appointments will be made in the coming weeks.
TFG’s vision for Everton Football Club focuses on building a sustainable and successful future. Key priorities include:
In view of recent changes to the Premier League’s shareholder loan regulations, Everton took proactive steps prior to the transaction's completion. These included increasing the Club’s share capital to convert outstanding debt owed to BHH into equity, thereby facilitating additional equity investment from Roundhouse.
With this acquisition, TFG is committed to delivering a strong and sustainable future for Everton Football Club, restoring its competitive stature and maintaining its deep connection with fans and the community.
Nil satis nisi optimum.
The deal received the necessary regulatory approvals from the Premier League, Women’s Professional Leagues Limited, the Football Association, and the Financial Conduct Authority.
Marc Watts, incoming Executive Chairman of Everton Football Club, expressed his enthusiasm:
"Today marks a momentous and proud occasion for The Friedkin Group as we become custodians of this iconic football club. We are committed to leading Everton into an exciting new era both on and off the pitch. Providing immediate financial stability to the Club has been a key priority, and we are delighted to have achieved this. While restoring Everton to its rightful place in the Premier League table will take time, today is the first step in that journey.”
Farhad Moshiri, the outgoing majority shareholder, stated: “I truly believe that the transaction with The Friedkin Group is the best outcome for the Club and its future success. There has been a huge team effort in getting to this stage and I would like to personally thank my Board colleagues John Spellman and Colin Chong and all the senior management team including Katie, James, Richard and of course Kevin and Sean for their huge commitment to the Club. Despite a challenging geopolitical backdrop, a significant amount has been achieved over the last couple of years including the delivery of a new sporting department, the stabilisation of our finances and the delivery of our iconic new stadium. I now hand over to new owners confident in the outlook for the Club and that our incredible fans will see the success on the pitch that they so thoroughly deserve.”
Dan Friedkin, Chairman and CEO of TFG is proposed to be Chairman of the Board. He has appointed Marc Watts to serve as Executive Chairman, who will be responsible in this role for the management of the club. Ana Dunkel, TFG’s Chief Financial Officer and Colin Chong, the Club’s interim CEO will also serve on the Board. Additional appointments will be made in the coming weeks.
TFG’s vision for Everton Football Club focuses on building a sustainable and successful future. Key priorities include:
- Strengthening the men’s first-team squad through thoughtful and strategic investment.
- Cultivating home-grown superstars through Everton’s Academy.
- Fostering a distinct on-pitch and commercial strategy for the women’s team.
- Respecting the Club’s traditions and keeping Everton at the heart of the community.
- Maximising the potential of the new stadium through long-term commercial partnerships and events that benefit the city of Liverpool.
- Enhancing Everton’s reputation as a unique and historical name in world football.
In view of recent changes to the Premier League’s shareholder loan regulations, Everton took proactive steps prior to the transaction's completion. These included increasing the Club’s share capital to convert outstanding debt owed to BHH into equity, thereby facilitating additional equity investment from Roundhouse.
With this acquisition, TFG is committed to delivering a strong and sustainable future for Everton Football Club, restoring its competitive stature and maintaining its deep connection with fans and the community.
Nil satis nisi optimum.
ForeverEverton
Player Valuation: £50m
SKY Sports reading the statement now, but website still down...
Noble Savage
Player Valuation: £20m
Strengthening the men’s first-team squad through thoughtful and strategic investment.
Cultivating home-grown superstars through Everton’s Academy.
Cultivating home-grown superstars through Everton’s Academy.
Dear Evertonians,
Following the completion of the takeover of Everton Football Club, I want to express my gratitude for your continued support and introduce the incoming Executive Chairman of Everton, Marc Watts.
I take immense pride in welcoming one of England’s most historic football clubs to our global family, The Friedkin Group. Everton represents a proud legacy, and we are honoured to become custodians of this great institution.
The Friedkin Group is a diverse family of companies with a global footprint spanning industries such as sports, automotive, entertainment, hospitality, and adventure. Across all our endeavours, we strive to deliver extraordinary experiences that ignite people’s passions. We are thrilled to bring this ethos to Everton and the Liverpool City Region.
Whilst we are new to the Club, we fully understand the vital role Everton plays in local culture, history, and the lives of Evertonians here and around the world. We are deeply committed to honouring this legacy while contributing positively to the community, economy, and people of this remarkable city.
Once again, thank you for your continued support.
Yours sincerely,
Dan Friedkin
At least he's good at it mate..
You're his lackey.
The davek tribute act
That’s someone’s else’s joke, you no mark tool, could you not come up with your own.
There just isn’t a point to you. You’re the biggest brown nosing, like whore on here.
A nasty little snot what makes you think your have any profile on here to mock older posters like Joey and real posters on here calling them bells - looking for likes. Why do get off on mocking blues.
The log of button is in the corner.
Dan proposed as Chairman of the Board.
That's contrary to earlier reports than Ryan would be the main man here.
That's contrary to earlier reports than Ryan would be the main man here.
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Great to have this completed and I wish Dan Friedkin and his new team all the best.
AsiaAsia82
Player Valuation: £35m
On page 1066, the Friedkin conquest has started
Great to see Colin Chong retained. He's absolutely aced the stadium delivery - and held the whole ship together when called upon.
TrailerTrash
Player Valuation: £8m
Thank fook
Dear Evertonians,
We are proud to be the new custodians of your Club. Together, we will usher Everton into a new era, one that is marked by ambition and professionalism. As stewards of Everton, we look forward to showing our commitment to the Club through actions, not words.
We believe there are exceptional people working in the Club. The resilience and commitment shown to get through a challenging period in Everton’s history has been inspiring to see and provides a great foundation for us to build on.
The Friedkin Group will take a focused approach, one that is driven by innovation and business experience. Our long-term vision is to harness the passion of fans and great qualities of the Club to realise Everton’s full potential. Our goals are clear:
- Strengthening the men’s first-team squad through thoughtful and strategic investment.
- Cultivating home-grown superstars through Everton’s Academy.
- Fostering a distinct on-pitch and commercial strategy for the women’s team.
- Respecting the Club’s traditions and keeping Everton at the heart of the community.
- Maximising the potential of the new stadium through long-term commercial partnerships and events that benefit the city of Liverpool.
- Enhancing Everton’s reputation as a unique and historical name in world football.
We have provided an injection of capital to ensure the completion of the new stadium. The transaction has seen most of Everton’s debt either converted to equity, repaid or refinanced on terms more favourable to the stability of the Club. Whilst there is much work to be done, and PSR remains a limiting factor in the short term, the underlying financial position is now much stronger.
On the pitch, we have a lot still to fight for this season and our energies are now focused on maximising the remaining time to drive results. We’re pleased that Colin Chong has agreed to remain in his interim position while we finalise the appointment of a new permanent CEO, which we will update you on in due course. We want to thank Colin, the leadership team and everyone at Everton for their hard work and support.
We also want to thank Farhad Moshiri for his cooperation during the transition and facilitating a new start for Everton.
The road ahead of us is long and there will be further challenges to come, but we are committed to living by Everton’s motto: nil satis nisi optimum.
Marc Watts,
Executive Chairman, Everton Football Club
This looks like good news!!